Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net Property and Equipment, Net

v3.22.4
Property and Equipment, Net Property and Equipment, Net
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment, Net [Abstract]  
Property and equipment, net Property and Equipment, Net
Property and equipment consisted of the following:
December 31,
Estimated
useful
(in millions) 2022 2021 life
Land $ 73  115  N/A
Buildings and improvements 384  986 
8 - 20 years
Furniture and other equipment 581  627 
2 - 8 years
Broadcast equipment 162  339 
2 - 8 years
Computer equipment 164  179 
2 - 3 years
Projects in progress 37  44  N/A
Property and equipment 1,401  2,290 
Less: accumulated depreciation (929) (1,371)
Property and equipment, net $ 472  919 
N/A - Not applicable.
Disposal of assets reduced property and equipment by $750 million for the year ended December 31, 2022. The disposal of assets for the year ended December 31, 2022 included property sold and leased back at six owned and operated U.S. properties (see note 9). The decrease in property and equipment was also impacted by the reclassification of assets related to the two QVC-International properties held for sale as of December 31, 2022 (see note 20).